In 2019 Qatar was the largest LNG exporter with a volume of 107billion cubic meters, closely followed by Australia (104 million cm) and USA (47 mCM). The largest world’s importer of LNG is Japan, the country imported 105.5 billion cubic meters. Next largest importer is China with 84.8 billion cubic meters. source: StatistaContinue Reading
Data released by Japan’s Ministry of Economy, Trade and Industry (METI) has shown that the average contract price for spot LNG cargoes delivered to Japan in February this year fell to its lowest level since September 2017. Reportedly, the average cost for shipped cargoes last month was US$7.50/million Btu. Spot prices for LNG LNG-AS in...Continue Reading
About 247 and LNG
“Energy cannot be created or destroyed, it can only be converted from one form to another.”